I think that the best part of this report for me at least was in the Director's Report section...
I've put in a few snippets but do read the
full report....
- Kvanefjeld has a JORC-compliant resource, estimated to contain 4.9 million tones of rare earth oxides (REO) and 120,000 tones of uranium oxide. This resource inventory defines Kvanefjeld as the world?s largest REO resource by either JORC or Canadian NI 43-101 standards.
- In total the project is estimated to generate a cumulative operating surplus of US$8.93 billion, generating an average operating surplus of US$615M per annum for the first 5 years of production, peaking at approximately US$665M in years 2 and 3, with a mine life of greater than 23 years.
- Construction, subject to approval from the Greenland government is scheduled to commence in 2013 with first production in 2015.
- The revenues achieved from the sale of either rare earth (RE) carbonate or uranium oxide is expected to be sufficient to cover the total cost of production of both products. In other words, over the LOM, the by-product credit that is earned from the sale of uranium oxide exceeds the cost of producing the RE carbonates: effectively making the cost of producing RE carbonate free.
- The mine will be located 7 km from tidewater, with deep fjords running directly to the North Atlantic shipping lanes.